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Building Local Economies Through Utility Projects

January 29, 2025

The Economic Impact of Utility Projects

Utility projects are more than just infrastructure upgrades—they’re opportunities to strengthen local economies. By prioritizing local talent, businesses, and supply chains, utilities can create jobs, drive innovation, and foster community growth.

Challenges in Supporting Local Economies

Skill Gaps: Many communities lack workers with the specialized skills needed for utility projects.
Limited Business Resources: Small businesses often struggle to compete for utility contracts due to resource constraints.
Equity Gaps: Underrepresented groups may face barriers to entry in utility-related jobs and contracts.

Strategies for Local Empowerment

Utilities can take proactive steps to boost local economies:

Investing in Training: Partnering with local organizations to develop workforce training programs.
Prioritizing Local Contracts: Working with small businesses to support local supply chains.
Fostering Inclusion: Developing programs that provide opportunities for underrepresented communities.

Examples of Success

Utilities that prioritize local engagement have seen long-term benefits. Programs that train local workers and award contracts to small businesses create a ripple effect of economic stability and growth.

Collaborative Opportunities for Utilities

Partnerships with organizations like JPI can enhance these efforts. By connecting utilities with local talent and businesses, they help ensure that projects have a positive and lasting impact on the community.

Final Thoughts

Supporting local economies isn’t just good for the community—it’s a strategic move for utilities. By investing in local talent and businesses, utilities can achieve project goals while driving meaningful change.

Discover how JPI can help your utility foster local growth through strategic partnerships.

Contact us today to learn more.

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